Civista Bancshares Inc (CIVB)
NASDAQ:CIVB
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Civista Bancshares
(NASDAQ:CIVB)
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Rating:64Neutral
Price Target:
$24.00
▲(7.48% Upside)
Action:ReiteratedDate:03/07/26
The score is driven primarily by mixed financial quality—good revenue/earnings trends and improved leverage, but notably weaker and more volatile operating cash flow. Attractive valuation (low P/E and ~3% yield) and a positive earnings-call outlook for loan growth, NIM, and funding mix support the score, while bearish near-term technical momentum holds it back.
Positive Factors
Stronger capital & lower leverage
Civista materially reduced leverage and grew equity, raising tier 1 and tangible common equity ratios. This stronger capital base lowers solvency risk, increases capacity for organic/inorganic loan growth and buybacks, and provides durable flexibility to absorb credit stress or fund strategic investments.
Negative Factors
Weak, volatile operating cash flow
Operating cash conversion has weakened and become volatile, with free cash flow down ~65% year-over-year. Persistent low cash quality limits internal funding for growth, raises sensitivity of dividends/repurchases to earnings, and increases reliance on external funding or capital actions.
Read all positive and negative factors
Positive Factors
Negative Factors
Stronger capital & lower leverage
Civista materially reduced leverage and grew equity, raising tier 1 and tangible common equity ratios. This stronger capital base lowers solvency risk, increases capacity for organic/inorganic loan growth and buybacks, and provides durable flexibility to absorb credit stress or fund strategic investments.
Read all positive factors
Civista Bancshares (CIVB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$463.02M
Dividend Yield2.96%
Average Volume (3M)106.13K
Price to Earnings (P/E)9.1
Beta (1Y)0.79
Revenue Growth3.49%
EPS Growth33.86%
CountryUS
Employees520
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.75
Shares Outstanding20,735,289
10 Day Avg. Volume178,429
30 Day Avg. Volume106,125
Financial Highlights & Ratios
PEG Ratio0.27
Price to Book (P/B)0.72
Price to Sales (P/S)1.53
P/FCF Ratio8.81
Enterprise Value/Market Cap1.45
Enterprise Value/Revenue2.65
Enterprise Value/Gross Profit4.02
Enterprise Value/Ebitda11.98
Forecast
1Y Price Target
$27.33Price Target Upside22.39% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)2.61
Revenue Forecast (FY)$191.28M
Civista Bancshares Business Overview & Revenue Model
Company Description
Civista Bancshares, Inc. operates as the financial holding company for Civista Bank that provides community banking services. It collects a range of customer deposits; and offers commercial and agriculture, commercial and residential real estate, ...
How the Company Makes Money
Civista Bancshares generates revenue primarily through interest income from loans and investments, as well as non-interest income from various fees and service charges. The company earns interest income by lending money to customers in the form of...
Civista Bancshares Earnings Call Summary
Earnings Call Date:Jan 29, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 22, 2026
Earnings Call Sentiment Positive
The call highlights strong core operating performance: significant year-over-year earnings and EPS growth, NIM expansion, meaningful organic loan growth, strengthened capital ratios, improved efficiency, and strategic progress on acquisition, digital and leasing initiatives. Key negatives are largely one-time or transitional: acquisition-related nonrecurring charges, a year-long decline in lease-related noninterest income, a modest uptick in nonperforming/past-due loans driven by an isolated participation, and near-term elevated expenses for integration and investments. Overall, the positives — recurring revenue and margin expansion, deposit funding improvements, capital accretion, and expense discipline — substantially outweigh the transitory lowlights.Positive Updates
Strong Full-Year and Quarterly Earnings Growth
Reported full-year 2025 net income of $46.2 million ($2.64 per diluted share) versus $31.7 million ($2.01) in 2024 — a 46% increase year-over-year; Q4 net income of $12.3 million ($0.61 per diluted share), a $2.4 million or 24% increase versus Q4 2024.
Negative Updates
Acquisition-Related Nonrecurring Charges
Nonrecurring expenses related to the Farmers Savings Bank acquisition negatively impacted Q4 net income by $3.4 million pretax ($2.9 million after-tax), reducing EPS by approximately $0.14; additional modest integration costs expected in Q1.
Read all updates
Q4-2025 Updates
Positive
Negative
Strong Full-Year and Quarterly Earnings Growth
Reported full-year 2025 net income of $46.2 million ($2.64 per diluted share) versus $31.7 million ($2.01) in 2024 — a 46% increase year-over-year; Q4 net income of $12.3 million ($0.61 per diluted share), a $2.4 million or 24% increase versus Q4 2024.
Read all positive updates
Company Guidance
Management guided to mid‑single‑digit organic loan growth in 2026 (leveraging Farmers’ excess deposits and a $162M undrawn construction pipeline), modest NIM expansion from the current 3.69% (about +2–3 bps in Q1 and another +3–4 bps thereafter under their assumed Fed cuts in June and Q4; a flat rate path would leave margins a bit higher), and a Q1 expense run‑rate roughly $29–29.5M (with merit increases in Q2 and ongoing technology/personnel investments); they expect to keep loan‑to‑deposit between 90–95%, continue reducing brokered funding (organic non‑broker deposits rose ~$30M in Q4 while brokered deposits fell nearly $30M), maintain strong capital (tier 1 leverage 11.32%, tangible common equity 9.54%) while retaining a $13.5M repurchase authorization/10b5 plan and a $0.18 quarterly dividend (annualized yield ~3.2%, payout ~30%), and plan around funding metrics of cost of funds 2.08% and cost of deposits 1.59%; other metrics informing guidance include securities of $685M (15.8% of assets), NPLs 0.95%, ACL/loans 1.28%, ACL/NPLs 135%, and an expected effective tax rate in the mid‑to‑high teens (~16.5–16.9%).Civista Bancshares Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
66
Positive
Cash Flow
45
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 254.95M | 241.90M | 217.48M | 152.98M | 134.19M |
| Gross Profit | 169.17M | 146.55M | 155.80M | 135.28M | 123.73M |
| EBITDA | 55.23M | 47.60M | 62.95M | 52.79M | 51.25M |
| Net Income | 46.21M | 31.68M | 42.96M | 39.43M | 40.55M |
Balance Sheet | |||||
| Total Assets | 4.34B | 4.10B | 3.86B | 3.64B | 3.01B |
| Cash, Cash Equivalents and Short-Term Investments | 761.92M | 329.94M | 679.90M | 660.24M | 815.06M |
| Total Debt | 284.18M | 450.88M | 454.19M | 643.35M | 204.23M |
| Total Liabilities | 3.79B | 3.71B | 3.49B | 3.30B | 2.66B |
| Stockholders Equity | 543.47M | 388.50M | 372.00M | 334.83M | 355.21M |
Cash Flow | |||||
| Free Cash Flow | 44.14M | 44.06M | 59.27M | 18.68M | 38.83M |
| Operating Cash Flow | 45.30M | 48.25M | 62.70M | 25.18M | 40.76M |
| Investing Cash Flow | -66.76M | -258.80M | -311.78M | -410.36M | -130.50M |
| Financing Cash Flow | 63.65M | 213.30M | 266.13M | 164.30M | 216.93M |
Civista Bancshares Technical Analysis
Negative
22.33
Price Trends
23.28
Negative
22.88
Negative
21.85
Positive
Market Momentum
-0.29
Negative
43.68
Neutral
47.30
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CIVB, the sentiment is Negative. The current price of 22.33 is below the 20-day moving average (MA) of 22.49, below the 50-day MA of 23.28, and above the 200-day MA of 21.85, indicating a neutral trend. The MACD of -0.29 indicates Negative momentum. The RSI at 43.68 is Neutral, neither overbought nor oversold. The STOCH value of 47.30 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CIVB.
Civista Bancshares Risk Analysis
Civista Bancshares disclosed 24 risk factors in its most recent earnings report. Civista Bancshares reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Civista Bancshares Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $377.83M | 9.19 | 15.00% | 1.63% | 13.16% | 37.40% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | $396.37M | 9.41 | 10.03% | 1.41% | 9.76% | 4.43% | |
64 Neutral | $463.02M | 9.14 | 9.73% | 2.96% | 3.49% | 33.86% | |
64 Neutral | $439.24M | 8.40 | 11.07% | 3.03% | -0.65% | 14.14% | |
63 Neutral | $408.16M | 9.53 | 2.24% | 3.76% | 23.93% | ― | |
49 Neutral | $363.54M | 26.69 | 3.15% | ― | -15.07% | ― |
* Financial Sector Average
CIVB
Civista Bancshares
22.33
3.47
18.37%
BMRC
Bank Of Marin Bancorp
25.31
4.24
20.13%
GCBC
Greene County Bancorp
22.19
-1.68
-7.03%
BSRR
Sierra Bancorp
33.31
6.01
22.03%
FRBA
First Bank
15.77
1.35
9.36%
BRBS
Blue Ridge Bankshares
3.98
0.88
28.39%
Civista Bancshares Corporate Events
Business Operations and StrategyExecutive/Board Changes
Civista Bancshares Announces CEO Retirement and Succession Plan
Neutral
Mar 2, 2026
Civista Bancshares announced on March 2, 2026, that longtime President and CEO Dennis Shaffer will retire effective August 28, 2026, after more than 40 years in banking, while remaining as chairman of the board and a director to support the transi...
Business Operations and StrategyExecutive/Board Changes
Civista Bancshares Elevates Veronica Doucette to Officer Role
Positive
Feb 26, 2026
On February 26, 2026, Civista Bancshares, Inc. announced that Veronica Doucette, currently Senior Vice President and Human Resources Officer at Civista Bank, has been appointed an officer of the holding company, reflecting the board’s confid...
Regulatory Filings and ComplianceShareholder Meetings
Civista Bancshares Sets 2026 Annual Shareholder Meeting Date
Neutral
Feb 17, 2026
Civista Bancshares, Inc. has set May 19, 2026 as the date for its 2026 annual meeting of shareholders, with March 24, 2026 as the record date for voting eligibility. The board moved the meeting from its typical third Tuesday in April schedule, cit...
Dividends
Civista Bancshares Boosts Quarterly Dividend, Signals Confidence
Positive
Jan 28, 2026
On January 28, 2026, Civista Bancshares, Inc. announced that its board approved a quarterly common dividend of $0.18 per share, a one-cent, or 5.9%, increase from the prior quarter, to be paid on February 24, 2026, to shareholders of record as of ...
Financial Disclosures
Civista Bancshares Schedules Fourth-Quarter 2025 Earnings Release
Neutral
Dec 19, 2025
On December 19, 2025, Civista Bancshares, Inc. announced that it will release its fourth-quarter 2025 financial results before the market opens on January 29, 2026. The company will also host a conference call and webcast that same day at 1:00 p.m...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.